642 Penner Rd

FOR SALE
$799,990
642 Penner Rd, Niagara-on-the-Lake
642 Penner Rd
642 Penner Rd
642 Penner Rd
642 Penner Rd
642 Penner Rd
642 Penner Rd
642 Penner Rd
642 Penner Rd
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3 + 1
BEDROOMS
3
BATHROOMS
1
KITCHENS
7
ROOMS
X8038988
MLSID
Contact Us
Property Description
This charming home sits on a 1/4 acre property that is walking distance to schools, restaurants, and shopping. This charming 3+1 bed home in the heart of Virgil! has a stunning 200' deep lot comes ready with a large outdoor covered bar, perfect for those summer gatherings. The main floor has an updated open concept living with a kitchen, powder room, and complete main floor master with walk-in closet and en suite. The second floor features 2 additional bedrooms ready for a family. The newly updated basement is fully finished with an additional bedroom and bathroom/laundry room. This home is short-term rental ready complete with licence for those investors. Very close to all the wineries, including the Wayne Gretzky . This stunning location is a few minutes drive to picturesque downtown NOTL. This won't last so Book a showing today!
Property Features
Fenced Yard, School
Property Details
Street
Property Type
Detached, Bungalow
Approximate Sq.Ft.
1100-1500
Lot Size
62' x 200'
Acreage
< .50
Fronting
East
Taxes
$2,837 (2023)
Basement
Finished
Exterior
Alum Siding
Heat Type
Forced Air
Heat Source
Gas
Air Conditioning
Central Air
Water
Municipal
Parking Spaces
6
Driveway
Private
Garage Type
Built-In
Niagara-on-the-Lake Market Statistics
Niagara-on-the-Lake Price Trend
642 Penner Rd is a 3-bedroom 3-bathroom home listed for sale at $799,990, which is $59,010 (6.9%) lower than the average sold price of $859,000 in the last 30 days (March 28 - April 26). During the last 30 days the average sold price for a 3 bedroom home in Niagara-on-the-Lake declined by $213,000 (19.9%) compared to the previous 30 day period (February 27 - March 27) and down $107,000 (11.1%) from the same time one year ago.
Inventory Change
There were 25 3-bedroom homes listed in Niagara-on-the-Lake over the last 30 days (March 28 - April 26), which is up 13.6% compared with the previous 30 day period (February 27 - March 27) and up 66.7% compared with the same period last year.
Sold Price Above/Below Asking ($)
3-bedroom homes in Niagara-on-the-Lake typically sold ($39,000) (4.5%) below asking price over the last 30 days (March 28 - April 26), which represents a $8,000 increase compared to the previous 30 day period (February 27 - March 27) and ($2,000) less than the same period last year.
Sales to New Listings Ratio
Sold-to-New-Listings ration (SNLR) is a metric that represents the percentage of sold listings to new listings over a given period. The value below 40% is considered Buyer's market whereas above 60% is viewed as Seller's market. SNLR for 3-bedroom homes in Niagara-on-the-Lake over the last 30 days (March 28 - April 26) stood at 28.0%, up from 18.2% over the previous 30 days (February 27 - March 27) and up from 20.0% one year ago.
Average Days on Market when Sold vs Delisted
An average time on the market for a 3-bedroom 3-bathroom home in Niagara-on-the-Lake stood at 13 days when successfully sold over the last 30 days (March 28 - April 26), compared to 71 days before being removed from the market upon being suspended or terminated.
Listing contracted with Ipro Realty Ltd
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